Cost of Living in Evansville, IN
Cost of Living in Evansville, IN has an overall index of 74, 26% below the U.S. baseline of 100. The typical home value is $129,100; typical monthly rent is $1,010; and median household income is $52,251.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Zillow ZORI market signal as of 2026-02. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Evansville
Living in Evansville
Is Evansville, IN an affordable place to live?+
Yes — everyday expenses in Evansville run about 26% below the US average (Cost Index: 74). Housing is especially affordable: the median home is valued around $129,100, compared to the $303,400 national median. Monthly rent is $1,010, versus $1,348 nationally.
How does Evansville fit a household housing budget?+
Start with housing. Typical monthly rent is $1,010, while local median household income is $52,251. That implies a rent-burden proxy of about 23% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Evansville, IN?+
Indiana uses a flat model; 3.05% is top marginal-rate context. Applying the 0.83% state-level effective owner-occupied proxy to a home worth $129,100 gives a planning estimate near $1,072 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 7%.
How much does it cost to rent in Evansville, IN?+
The typical monthly rent in Evansville is around $1,010. That's roughly 25% lower than the $1,348 national median. For comparison, the median home value here is $129,100, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Evansville, IN?+
The typical home value in Evansville is $129,100. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $627/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 54% of residents here own their homes.
Are groceries and utilities expensive in Evansville?+
Grocery prices in Evansville are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 87). Both help keep your monthly expenses lower than in many parts of the country.
What is Evansville, IN like to live in?+
Evansville is a mid-sized city with a population of about 116,441. The median age of residents is 38.1, which is close to the national median. The local poverty rate is 18.61%, above the national average of 12.4%.